ASGN (NYSE:ASGN) Releases Quarterly Earnings Results, Misses Estimates By $0.29 EPS

ASGN (NYSE:ASGN) announced its quarterly earnings results on Wednesday. The business services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.29), Zacks reports. ASGN had a net margin of 2.85% and a return on equity of 10.94%. ASGN updated its Q2 2026 guidance to 0.720-0.900 EPS.

ASGN Trading Down 0.1%

Shares of ASGN traded down $0.04 during midday trading on Wednesday, hitting $40.51. 531,918 shares of the stock were exchanged, compared to its average volume of 758,797. ASGN has a 52-week low of $34.59 and a 52-week high of $60.75. The stock has a fifty day simple moving average of $39.61 and a 200 day simple moving average of $44.61. The firm has a market cap of $1.67 billion, a P/E ratio of 15.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.16 and a current ratio of 2.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after buying an additional 912 shares during the period. Horizon Investments LLC purchased a new position in shares of ASGN during the third quarter worth $515,000. Russell Investments Group Ltd. raised its stake in shares of ASGN by 96.9% in the third quarter. Russell Investments Group Ltd. now owns 30,497 shares of the business services provider’s stock valued at $1,444,000 after acquiring an additional 15,011 shares in the last quarter. Finally, New South Capital Management Inc. raised its stake in shares of ASGN by 39.2% in the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after acquiring an additional 178,895 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen lowered ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Monday. Truist Financial raised their price target on ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Wells Fargo & Company raised their price target on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $65.00 price target on shares of ASGN in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, ASGN has a consensus rating of “Reduce” and an average target price of $54.71.

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.